Thats right mate,
Other things i know about RC/ DD are:
With an RC rig, you can do around 150m per day (single shift) maybe 300m for double shift... So we will average 2-3 holes a day id say.
Costs are about $100p/m, add about 50% for fuel, mob/demob and other incidentals for the drillers (accom etc), so lets call it $150p/m.... so that's $750k for this RC program... Then depending on how they sample, 4m composites or 1m intervals, its about $50 per sample, so id say its about $850k all up including assays as a rough stab?
For DD you drill about 30m a day (single shift), 60m a day (double), again all depending on rock type. Direct drill costs are about $350p/m... plus again, about 50% for incidentals, so about $500p/m all in... For assays, the same... No DD on this program so nothing here....
For AC, its quick, punch and run... Cost is about $30 p/m... plus incidentals, so $45p/m.... similar assay costs, but focus is toward end of hole. 3,000m x $45m is $135k, round up to $150,000 for assays... total cost of program to be around $1,000,000 once the dust settles....
Just need to add Working cap for the program.
Enough cash to keep moving after this program... and suspect the oppies will be in the money by then, and there is about $6m from memory for a pending cash injection....
we are sorted IMO.
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